首页|Role of knowledge economy in managing demand-based environmental Kuznets Curve

Role of knowledge economy in managing demand-based environmental Kuznets Curve

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Aggregate demand or supply at equilibrium is commonly used as a representative of the macroeconomic activity of an economy whereby aggregate demand denotes the behaviour of individuals and households.However,aggregate demand can also directly affect environmental deterioration via changes in aggregate production.This study tried to explore this relationship,known as the demand-based Environmental Kuznets Curve(Demand EKC)and the role of different knowledge economy indicators.Knowledge econ-omy indicators are proposed to influence consumption patterns,altering the demand EKC that empirical studies have understudied.For this purpose,secondary data for 147 countries were collected from 2008 to 2018,also classified as development-wise.This study found that aggregate demand significantly affects carbon emissions.The long-run results are estimated using the Fully Modified Ordinary Least Square method.Controlling factors like renewable energy consumption,population density,and financial development significantly affect carbon emissions in sample countries.This study has incorporated four pillars of a knowledge-based economy and the results showed that these indicators helped reduce consumption-related CO2 emissions.

Kuznets CurveKnowledge economyHigher educationInstitutional qualityInnovationTechnology

Rukhsana Kalim、Shajara Ul-Durar、Mubasher Iqbal、Noman Arshed、Muhammad Shahbaz

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Department of Economics and Statistics,Dr.Hassan Murad School of Management,University of Management and Technology,Lahore,Pakistan

University of Sunderland,The School of Business Management,Edinburgh Building,Chester Road,Sunderland SR1 3SD,United Kingdom

Department of Economics,Division of Management and Administrative Sciences,University of Education,Lahore,Pakistan

Department of International Trade and Finance,School of Management and Economics,Beijing Institute of Technology,Beijing,China

Center for Sustainable Energy and Economic Development,Gulf University for Science and Technology,Hawally,Kuwait

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2024

地学前缘(英文版)
中国地质大学(北京) 北京大学

地学前缘(英文版)

CSTPCD
影响因子:0.576
ISSN:1674-9871
年,卷(期):2024.15(4)
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